Some Important Tips On How To Buy Land For A Mobile Home
Most mobile homes or even manufactured homes are usually considered personal property. Due to this, many mobile home owners receive vehicle titles and not real property deeds upon purchase of their units. However, to be able to have your mobile home classified as real property you should purchase the land beneath the unit and then permanently affix the unit to a foundation.
There are numerous advantages of having your mobile home considered real property. First and foremost, it is considered and treated as a house rather than as personal property. In this regard, there are several financing options which are available just like you would otherwise get for a traditional house or homes.
When choosing land for such a venture, there are several concerns that you must first address. Here are some important tips on how to buy land for a mobile home. The first thing you need to do is to contact a real estate agent. He or she is bound to help you as far as the type of land you want, what location you want to live in as well as do some research on your behalf to ascertain if a particular piece of land is ideal for your mobile home.
When thinking about the land, you should decide whether you want a vacant piece of land that’s inside a development such as a modular or mobile home community or one in a normal, traditional neighborhood. Keep in mind that either of the above mentioned options have their pros and cons and you should therefore take your time to decide on the one that best serves both your current and future needs. Apart from asking about land that’s out there for sale, your agent will also most likely look into pieces of land that don’t appear as if they are in the market but are idle or have no developments underway. Most of the time, a land owner may be convinced to sell a piece of land, based on what you are offering. A land professional should be able to get the details of the landowner by simply visiting an escrow company or the regional title insurance company and then make the initial contact.
When shopping for this type of land, always make a point of confirming that the plot of land is zoned for mobile or modular homes. Having a real estate agent can save you this headache as he or she will be able to tell you whether the land has any by-laws or zoning ordinances that prohibit the development of prefab and mobile homes, if the land is flood zoned and if it is suitable for your mobile home at all.
Further to the above, the suitability of the land in question is dependent on certain factors such as electrical power hookup, septic system of sewage system operation, water hookup or even an existing well(s) etc.
Once you have identified several ideal areas, your decision on whether to buy the land should be based on factors such as where exactly you want to live. If you are keen on the community aspect of a mobile home park then you should make arrangements and get the most suitable piece that provides you with this. On the other hand, if you prefer the relative seclusion that’s in the countryside then you should make an effort and get a plot that satisfies this need. Keep in mind that if you choose the mobile home community land then you should be ready to pay for the raw land as well as monthly maintenance fee which are used to keep up the care of the entire community. For countryside land, pay close attention to flood zoning in such areas since most areas which are suitable for farming are usually flood zoned.
When deciding on how much land is enough for your home, take into consideration the type of living you want. If you want to set up a farm or large garden on your home then a more larger and remote piece of land will do just fine. On the other hand, if you want just regular living with no hang-ups then a park community or even a piece of land in a good neighborhood will do just fine. When choosing your land, always keep in mind the potential to add-on the property through fixtures such as porches and sunrooms. Make sure you make these concessions from the onset.
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